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    Home»Crypto News»Argentine Lawyer Requires Arrest of Crypto Entrepreneur Tied to Libra Scandal – Decrypt
    Argentine Lawyer Requires Arrest of Crypto Entrepreneur Tied to Libra Scandal – Decrypt
    Crypto News

    Argentine Lawyer Requires Arrest of Crypto Entrepreneur Tied to Libra Scandal – Decrypt

    By Crypto EditorMarch 13, 2025No Comments3 Mins Read
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    Argentine Lawyer Requires Arrest of Crypto Entrepreneur Tied to Libra Scandal – Decrypt

    The LIBRA crypto scandal that rocked Argentina’s political panorama entered a brand new part this week after Gregorio Dalbon, an Argentine lawyer, formally requested the worldwide detention of Hayden Davis, the crypto entrepreneur recognized because the alleged central determine behind the token’s collapse.

    The petition, submitted Tuesday to steer prosecutor Eduardo Taiano and Choose María Servini, seeks an Interpol Crimson Discover to facilitate Davis’s detention and extradition from the U.S.

    Dalbon, who represented former Argentine President Cristina Fernandez over a corruption case, didn’t instantly return Decrypt’s a number of requests for remark. A request from Decrypt to Davis’ lawyer has gone unanswered.

    Particulars of the event had been initially reported by Argentine media retailers Página12 and Perfil, marking an escalation within the authorized proceedings surrounding a case that has ensnared President Javier Milei’s administration in controversy, after the president publicly promoted the token shortly earlier than its catastrophic value collapse.

    Decrypt has tracked and documented the LIBRA controversy, reporting on the token’s creation, its quick results to the Argentine inventory market, the individuals behind it and their connections, the fees in opposition to Milei, its fallout, and later requires schooling to maintain communities knowledgeable in opposition to such schemes.

    Earlier this month, Taiano moved to freeze roughly $100 million in crypto related to the case.

    Crimson Discover

    Dalbon’s petition argues that Davis presents a considerable flight danger on account of his financial sources and overseas residence, in accordance with a number of native media studies.

    “Given the magnitude of the scandal and the numerous losses brought on to traders, the procedural danger implied by Hayden Mark Davis remaining free is clear,” the doc written by Dalbón reads as cited by Perfil.

    Davis had a “central function within the creation and promotion of LIBRA,” Dalbón argued.

    The lawyer particularly requested authorities to order the worldwide detention of Hayden Mark Davis and proceed with an Interpol Crimson Discover to “find and arrest him, with a view to his extradition,” as cited by Página12.

    A Crimson Discover represents a request by Interpol to legislation enforcement businesses worldwide to find and provisionally arrest a person pending extradition, give up, or related authorized motion.

    Crimson Notices don’t compel member international locations to make arrests, as a substitute every nation decides whether or not to behave primarily based by itself legal guidelines and treaty obligations.

    They’re additionally primarily based on arrest warrants or court docket orders issued by judicial authorities within the requesting nation and are sometimes used for severe crimes similar to homicide, fraud, and different main offenses.

    If permitted, Dalbon’s request could be transmitted to Interpol for potential distribution to its 195 member international locations.

    Edited by Sebastian Sinclair

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